Victoria's Secret (VSCO) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this retailer of lingerie, pajamas and beauty products would post earnings of $2.30 per share when it actually produced earnings of $2.60, delivering a surprise of 13.04%.Over the last four quarters, the company has surpassed consensus EPS estimat ...

First Quarter Earnings June 11, 2025 Forward Looking Statements Consolidated Balance Sheets | (Unaudited – In thousands) | May 3, 2025 | May 4, 2024 | | --- | --- | --- | | ASSETS | | | | Current Assets | | | | Cash and Cash Equivalents | $138,450 | $104,583 | | Accounts Receivable, Net | 153,035 | 151,698 | | Inventories | 1,042,921 | 987,033 | | Other | 120,286 | 149,466 | | Total Current Assets | 1,454,692 | 1,392,780 | | Property and Equipment, Net | 762,911 | 804,845 | | Operating Lease Assets | 1,534, ...

Core Viewpoint - Victoria's Secret & Co. reported first quarter financial results that exceeded expectations, reaffirming its full year 2025 sales guidance [1][2]. Financial Performance - The company reported net sales of $1.353 billion for the first quarter of 2025, surpassing the guidance range of $1.30 billion to $1.33 billion, and remaining flat compared to $1.359 billion in the first quarter of 2024 [5]. - Operating income for the first quarter of 2025 was $20 million, down from $26 million in the first quarter of 2024, with a net loss of $2 million, or $0.02 per diluted share, compared to a net loss of $4 million, or $0.05 per diluted share, in the prior year [6]. - Adjusted operating income for the first quarter of 2025 was $32 million, exceeding the guidance range of $10 million to $30 million, but down from $40 million in the first quarter of 2024. Adjusted net income was $7 million, or $0.09 per diluted share, near the high end of the guidance range [7]. Sales Outlook - For the second quarter of 2025, the company forecasts net sales between $1.380 billion and $1.410 billion, compared to $1.417 billion in the same quarter last year. Adjusted operating income is expected to range from $15 million to $35 million [8]. - The full year sales guidance remains at $6.2 billion to $6.3 billion, with adjusted operating income now expected to be between $270 million and $320 million, revised down from the previous range of $300 million to $350 million due to an estimated net tariff impact of approximately $50 million [9]. Business Strategy - The CEO emphasized the company's focus on customer experience, brand health, and product innovation, highlighting the strength in the Beauty business and PINK apparel [3]. - The CFO noted a disciplined approach to cost control and agility in responding to customer needs, aiming to build on the company's solid foundation [4]. Store Performance - Total net sales for the first quarter included $721.3 million from North American stores, $433.2 million from direct sales, and $198.4 million from international sales, with a total comparable sales decrease of 1% [17]. - The company operated 1,378 stores as of May 3, 2025, after opening 15 and closing 24 stores during the quarter [22].

Victoria's Secret & Co. VSCO will release its first-quarter financial results before the opening bell on Wednesday, June 11. Analysts expect the Reynoldsburg, Ohio-based company to report quarterly earnings at 28 cents per share, down from 40 cents per share in the year-ago period. Victoria's Secret projects quarterly revenue of $1.41 billion, compared to $1.42 billion a year earlier, according to data from Benzinga Pro. On June 5, Barclays analyst Adrienne Yih maintained Victoria's Secret with an Overweigh ...

Core Viewpoint - Victoria's Secret & Co. is set to release its first quarter 2025 financial results on June 11, 2025, following a delay due to a security incident involving its IT systems [1] Group 1: Earnings Release Information - The earnings release will occur before market open on June 11, 2025, with a live webcast scheduled for 8:30 a.m. ET [1][2] - Financial information will be available on the company's investor relations website approximately one hour prior to the webcast [1] Group 2: Company Overview - Victoria's Secret & Co. is a specialty retailer offering a range of products including bras, lingerie, apparel, and fragrances, with a commitment to empowering over 30,000 associates across approximately 1,380 retail stores in nearly 70 countries [3]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive has bureaus and studios in key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2][3] Group 2 - The company is committed to using technology to enhance workflows and has adopted various automation and software tools, including generative AI [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

Core Viewpoint - Victoria's Secret is postponing its quarterly earnings release due to a security breach that disrupted corporate operations and led to the temporary shutdown of its US shopping site for several days [1][6]. Group 1: Security Incident Details - The security incident was first detected on May 24, prompting the company to activate response protocols to contain unauthorized network access [2]. - Corporate systems and the retail website were temporarily shut down on May 26 as a precautionary measure, leading to frustration among shoppers due to the prolonged downtime [2][3]. - The website was restored late Thursday, but the incident is suspected to involve a ransomware cyberattack, reflecting a growing trend of such attacks on retailers [3]. Group 2: Financial Impact and Earnings - Victoria's Secret expects to report $1.35 billion in net sales and an adjusted operating income of $32 million for the first quarter of 2025, exceeding previous guidance [5]. - Analysts had anticipated sales of approximately $1.33 billion, indicating a positive outlook despite the security breach [5]. - The company clarified that the breach did not impact first-quarter results, as the period ended before the disruptions occurred [8][12]. Group 3: Ongoing Assessment and Industry Context - Victoria's Secret is continuing to assess the full scope of the incident, including potential expenses that may affect future finances [9]. - The incident is part of a broader trend, with several retailers, including Marks & Spencer and Adidas, reporting similar cyberattacks that disrupt operations and expose customer data [9][10].

Financial Performance - First quarter 2025 net sales are expected to be approximately $1.35 billion, exceeding the prior guidance range of $1.30 billion to $1.33 billion[7] - Adjusted operating income for the first quarter 2025 is projected to be $32 million, surpassing the previous guidance of $10 million to $30 million[7] - Adjusted diluted earnings per share for the first quarter 2025 is anticipated to be $0.09, compared to the prior guidance range of ($0.10) to $0.10[7] - Adjusted financial measures are used to evaluate performance internally, providing additional insights for investors[14] Security Incident - The company experienced a security incident on May 24, 2025, which led to temporary shutdowns of corporate systems and the e-commerce website[2][3] - The security incident did not materially disrupt financial results for the first quarter of fiscal 2025, but may incur future expenses impacting second quarter results[5] - The company is currently assessing the full scope and impact of the security incident under the oversight of the Audit Committee[5] Business Operations - Victoria's Secret & Co. operates approximately 1,380 retail stores in nearly 70 countries, employing over 30,000 associates[8] - The company is committed to integrating artificial intelligence into its business operations while managing associated risks[10] - The company plans to announce a new date for the first quarter 2025 earnings release and earnings call webcast in due course[4]

Core Viewpoint - The company has postponed its first quarter 2025 earnings release and call due to a recent security incident affecting its IT systems, although preliminary financial results indicate strong performance exceeding prior guidance ranges [2][5][6]. Financial Performance - Preliminary net sales for the first quarter of 2025 are expected to be $1.35 billion, surpassing the prior guidance of $1.30 billion to $1.33 billion [8]. - Adjusted operating income is projected at $32 million, exceeding the previous guidance of $10 million to $30 million [8]. - Adjusted diluted earnings per share (EPS) is anticipated to be $0.09, compared to a prior range of ($0.10) to $0.10 [8]. Security Incident - On May 24, 2025, the company detected a security incident and initiated response protocols to contain unauthorized access [3]. - Corporate systems and the e-commerce website were temporarily shut down on May 26, 2025, with the website restored by May 29, 2025 [4]. - The incident has not materially disrupted operations but has led to expenses that may impact future financial results [6]. Operational Impact - The restoration process has limited employee access to necessary systems for financial reporting, resulting in the postponement of the earnings release [5]. - The company continues to assess the full scope and impact of the incident under the oversight of the Audit Committee [6].

Core Insights - Victoria's Secret (VSCO) is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year decline of 66.7% [1] - Revenue projections stand at $1.33 billion, indicating a decrease of 2.1% from the same quarter last year [1] Earnings Estimates - Over the last 30 days, there has been a 7% upward revision in the consensus EPS estimate for the quarter, indicating analysts' reassessment of their forecasts [2] - Changes in earnings estimates are crucial for predicting investor reactions to the stock [3] Key Metrics - Analysts project 'Geographic Net Sales- Direct' to be $439.87 million, a decline of 2% from the previous year [5] - The estimated number of 'Total stores - Company-Operated' is 802, down from 828 a year ago [5] - The consensus estimate for 'Total stores - China Joint Venture' remains at 71, unchanged from the same quarter last year [5] Stock Performance - Shares of Victoria's Secret have increased by 8.3% over the past month, outperforming the Zacks S&P 500 composite, which rose by 6.1% [6] - With a Zacks Rank of 3 (Hold), VSCO is expected to align with overall market performance in the near term [6]